He believed that even as the interests of MSMEs and other small retailers are protected, India will continue to embrace technology and digitalization to take the economy forward.
The panel recommended a government-sponsored FoF to support Venture Capitalists or PE firms investing in the MSME sector.
To undertake its lending activities, IFC primarily invests in Non-Banking Financial Companies (NBFCs) and Microfinance Institutions (MFIs), who in turn lend to SMEs. Jun Zhang, Country Head-India, IFC, says creating an enabling environment is very important in India since small businesses face considerable challenges. Tune in.
Part of the World Bank Group, IFC looks to jump-start private-sector development in India. The country, however, has plenty of challenges amidst rapid changes.
As per a representative of another association who will take part in the meeting, the department will make a presentation on the issue post which it will give its suggestions.
SIDBI has been involved in a number of initiatives to upscale the MSME sector, including a new social credit model in the works. Mohammad Mustafa, CMD, SIDBI tells more.. Watch..
SIDBI says its focus has always been on qualitative, high rated NBFCs who are actually rendering some service to MSMEs.
Even as US sellers try to diversify their manufacturing base, Chinese sellers are looking for new customers.
Japanese textile designers Chiaki Maki and Parva Tanaka have laid deep roots of Japanese tradition in India by collaborating with the Indian artisans and manufacturing traditional hand-woven Japanese outfits in Dehradun.
While maintaining that the future of work can not be left to be shaped by market forces alone, Dagmar Walter, Director of the International Labour Organisation (ILO), Decent Work Technical Support for South Asia and India, believes that there is a need to find the right balance between workers' rights and businesses' interest so that each party's interest is protected in the most optimal way. Listen-in.
For funding the Small & Medium segment, banks rely on credit assessment techniques which are a combination of financial assessment and personal discussion.
Workforce inequality, wage disparity and poor working conditions in the informal sector pose a big threat to India’s development.
MSMEs remain more enthusiastic about technology adoption than ever, and technology providers can be key players in helping this sector become more efficient and grow faster.
Empirical evidence shows us that SMEs tend to suffer the most from onerous regulatory compliance requirements imposed by governments.
Archaic and stringent labour rules have stifled growth for businesses in India. For SMEs staying small makes sense as firms that employ less than 5 people fall outside the ambit of these labour laws. This, however, means a large section of Indian businesses continue to work in the informal sector, says Dagmar Walter, Director of the ILO Decent Work Technical Support Team for South Asia.
The CII urged Palaniswami to expedite also the plan to set up a new greenfield airport here and also enhance air connectivity in tier-II cities.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service